The Italian coffee giant, Lavazza Group, has released its 2024 full – year financial report, revealing a revenue of €3.35 billion (equivalent to US$3.7 billion), marking a 9.1% increase compared to 2023.
On April 3, Antonio Baravalle, the CEO of Lavazza Group, announced the key financial metrics. In addition to the revenue growth, the company reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of €323 million (US$345 million), which is 18.6% higher than in 2023. The net profit reached €82 million (US$90.6 million), showing a 20.6% growth over 2023.
Baravalle commented, “The coffee industry is grappling with increasingly intricate challenges within a critical, highly volatile macro – economic and geopolitical environment, characterized by the continuous escalation of raw material costs. Quality is of utmost importance to us and remains the bedrock of our trust – based relationship with consumers. This implies continuously bearing exorbitant costs. Amid this backdrop, the Lavazza Group has shown resilience and adaptability, achieving solid outcomes in 2024.”
He further added, “These market turbulences have demanded, more than ever, an unwavering ability to adapt and manage costs across all operational and capital – related levels, while sustaining a healthy profit margin. This has enabled us to keep safeguarding and enhancing our human resources and retain our investment capabilities, which are crucial for remaining highly competitive in the global coffee market.”
Alongside the financial disclosures, the CEO introduced Tibali, which he described as “a revolutionary development within the coffee industry.” Developed by Lavazza following the acquisition of Caffemotiv in 2020, Tibali is a novel coffee machine system that utilizes “tabs” composed entirely of coffee.
Baravalle stated, “2025 began with an extremely complex path: not only is the geopolitical landscape growing more intricate, but raw material prices have also witnessed further record – breaking increases, exacerbated by the current US tariff issue.”
“Despite these hardships, we’ve always been committed to investing in research and development. In our 130th anniversary year, we’re set to make a comeback with the innovative Tibali system. This system enables us to introduce a new product category – the 100% coffee ‘tab’ – in a strategic single – serve segment.”
Tibali will be showcased to the public during Milan Design Week 2025, which runs from April 6 to 13.
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